Private equity

When U.S. Senate lawmakers changed just two letters used for a calculation in their proposed tax bill, they may have increased the number of junk-rated companies that would be hurt by tax overhaul.

House Republicans’ chief tax writer has investment managers in his crosshairs.

The House tax bill released Thursday preserves the carried interest tax break—paid to private-equity managers, venture capitalists, hedge fund managers and certain real estate investors—despite President Donald Trump and GOP leaders’ promise to do away with loopholes for the wealthy.

CBIZ acquired CMF Associates, a consulting firm that specializes in helping private equity firms with services such as auditing and preparing for an IPO, back in June as it aims to extend its reach further into the PE area.

Debate over a border-adjustment tax is consuming Washington, but another, less-discussed proposal in House Speaker Paul Ryan’s tax plan stands a better chance of being included in a GOP overhaul bill.